bullish
Carly Holdings (ASX:CL8) RaaS Interview Transcript 23 April 2024
SUMMARY
- RaaS has interviewed vehicle subscription business Carly Holdings (ASX:CL8) following its Q3 result yesterday in which it reported a 53% increase in cash receipts to $1.4m, with subscription revenue increasing 58% to $0.89m, against the March 2023 quarter.
- Key points from our interview: • Carly's utilisation remain remains over 80%; • The company is anticipating $1.5m in vehicles to be delivered in the current quarter • Operating costs are expected to be maintained with only marketing likely to increase and only then in line with revenue.
- Net cash is expected to improve; • Our valuation is $0.079/share against a reference price of $0.018/share.
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